Mesa Air Group Inc (NASDAQ: MESA) Stock Forecast For 2024: Increases Growth Prospects To $9 Per Share

In the last trading session, 87905.0 Mesa Air Group Inc (NASDAQ:MESA) shares changed hands as the company’s beta touched 3.11. With the company’s per share price at $1.14 changed hands at -$0.02 or -1.72% during last session, the market valuation stood at $45.85M. MESA’s last price was a discount, traded about -65.79% off its 52-week high of $1.89. The share price had its 52-week low at $0.55, which suggests the last value was 51.75% up since then. When we look at Mesa Air Group Inc’s average trading volume, we note the 10-day average is 0.19 million shares, with the 3-month average coming to 251.54K.

Mesa Air Group Inc (NASDAQ:MESA) trade information

Instantly MESA was in red as seen at the end of in last trading. With action -7.50%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 9.90%, with the 5-day performance at -7.50% in the red. However, in the 30-day time frame, Mesa Air Group Inc (NASDAQ:MESA) is 27.53% up. Looking at the short shares, we see there were 0.24 million shares sold at short interest cover period of 1.1 days.

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MESA Dividends

Mesa Air Group Inc is expected to release its next quarterly earnings report in January.

Mesa Air Group Inc (NASDAQ:MESA)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 21.57% of Mesa Air Group Inc shares while 11.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 15.08%. There are 11.83% institutions holding the Mesa Air Group Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.2911% of the shares, roughly 1.76 million MESA shares worth $3.01 million.

PINNACLE HOLDINGS, LLC holds the second largest percentage of outstanding shares, with 1.4809% or 0.61 million shares worth $1.04 million as of 2024-06-30.